Current Events > 47 percent support making public colleges tuition-free, 45 percent oppose

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s0nicfan
09/21/17 2:13:08 PM
#51:


emblem boy posted...
Anteaterking posted...
emblem boy posted...
Honest question. Do people generally expect this type of grandfathering(?) Or compensation for a type of similar program that comes into place?


I think you could expect a loose sort of grandfathering to help people who currently have student loans, but there's no reason to "pay back" everyone who has ever paid a student loan off.


Ya, that I'd be fine with. The argument that those who have paid their college fees should get some type of full refund is weird to me. If taxes lower in a certain area, I've never expected to be paid compensation for when the tax was higher. Not the best analogy I'm sure, but only one I can think of right now.


I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.
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ForestLogic
09/21/17 2:13:47 PM
#52:


emblem boy posted...
ForestLogic posted...
FLUFFYGERM posted...
would this include student loan forgiveness for students who already graduated from public universities?


This.

I will never support people getting free tuition as long as I'm still expected to pay for the one I had in the post.


Honest question. Do people generally expect this type of grandfathering(?) Or compensation for a type of similar program that comes into place?


How would you feel if you needed a new car, so you financed one that cost $20,000. Then 6 months into your 5 year loan you find out the same dealership you got the car from is giving them away to people for free. You'd have every right to feel duped.
That's what its like being a recent college graduate who has loans to pay off right now, while there's a conversation about free tuition being started.

Note, I am NOT an advocate of free college. I think it's a bad idea that will accomplish nothing but further devaluing degrees, and dissuade people from trade jobs even more than they are.
BUT I don't get to decide if college is free or not. If it becomes a reality, then yes I will absolutely fucking expect that my federal loans should be forgiven because frankly it's horse shit that I need to continue paying for something that is now free, all while the economy is tanking around me in the wake of the free-ness.
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Antifar
09/21/17 2:13:49 PM
#53:


s0nicfan posted...
Define "free college" here. Do you mean free in-state public colleges or private universities? Because there's a significant difference in cost between the two.

Public college. There's not really any suggestion that private universities would be forcibly made tuition-free
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Annihilated
09/21/17 2:14:19 PM
#54:


DoomSwell posted...
Did you literately not read the rest of my post? The next freaking line.


Because it's false. There are tons of jobs that don't even require a college degree. You would know that if you've ever looked for one before.
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Balrog0
09/21/17 2:14:36 PM
#55:


s0nicfan posted...
My point was simply that "military spending" is significantly more than buying tanks and guns.


does anyone think otherwise? that doesn't mean we don't overspend on tanks and guns (well, more like planes and ships) though

s0nicfan posted...
Also, quite a bit of that military spending DOES go to universities. They subcontract out to unis all the time on larger projects.


that was exactly my point lol

you're saying its not so bad because they do that

I'm saying if that's true it would be easy to cut out the middle man

R&D is not a huge part of the military budget, either, anyway
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FLUFFYGERM
09/21/17 2:14:54 PM
#56:


byron posted...
FLUFFYGERM posted...
byron posted...
FLUFFYGERM posted...
byron posted...
FLUFFYGERM posted...
shmirlywhirl posted...
I have a 6 figure income and I wouldn't mind paying higher taxes if it meant more people went to university (if that's the path they want)


what about the people who do mind

What about the people who don't want to pay for the bloated defense program?


move to a country that doesn't receive help from america's military budget? lobby to reduce the military budget? suck it up since military spending is necessary?

So if we make public college free then you'll do those same things?


absolutely, except i don't think public college being free is a necessity

Defense spending is necessary but I don't think how much we spend is necessary.


how much would you say is necessary
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Balrog0
09/21/17 2:15:11 PM
#57:


Antifar posted...
s0nicfan posted...
Define "free college" here. Do you mean free in-state public colleges or private universities? Because there's a significant difference in cost between the two.

Public college. There's not really any suggestion that private universities would be forcibly made tuition-free


are there any estimates on what that could cost?
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Paragon21XX
09/21/17 2:16:41 PM
#58:


Not until there is a mandatory Generalized Occupational Aptitude Test to decide which field (and major) a person shall study for.
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s0nicfan
09/21/17 2:18:59 PM
#59:


Antifar posted...
s0nicfan posted...
Define "free college" here. Do you mean free in-state public colleges or private universities? Because there's a significant difference in cost between the two.

Public college. There's not really any suggestion that private universities would be forcibly made tuition-free


True, nobody is suggesting private universities be forcibly made tuition free, but "free in-state public college for all" is significantly different than "free college for all" and I think it's important that distinction be made.
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Antifar
09/21/17 2:19:21 PM
#60:


Balrog0 posted...
Antifar posted...
s0nicfan posted...
Define "free college" here. Do you mean free in-state public colleges or private universities? Because there's a significant difference in cost between the two.

Public college. There's not really any suggestion that private universities would be forcibly made tuition-free


are there any estimates on what that could cost?

https://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government-would-have-to-spend-to-make-public-college-tuition-free/282803/
A mere $62.6 billion dollars!

According to new Department of Education data, that's how much tuition public colleges collected from undergraduates in 2012 across the entire United States. And I'm not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn't even include loans


I've also seen the figure $47 billion floating around, but not sure where that comes from.
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emblem boy
09/21/17 2:19:35 PM
#61:


ForestLogic posted...
emblem boy posted...
ForestLogic posted...
FLUFFYGERM posted...
would this include student loan forgiveness for students who already graduated from public universities?


This.

I will never support people getting free tuition as long as I'm still expected to pay for the one I had in the post.


Honest question. Do people generally expect this type of grandfathering(?) Or compensation for a type of similar program that comes into place?


How would you feel if you needed a new car, so you financed one that cost $20,000. Then 6 months into your 5 year loan you find out the same dealership you got the car from is giving them away to people for free. You'd have every right to feel duped.
That's what its like being a recent college graduate who has loans to pay off right now, while there's a conversation about free tuition being started.

Note, I am NOT an advocate of free college. I think it's a bad idea that will accomplish nothing but further devaluing degrees, and dissuade people from trade jobs even more than they are.
BUT I don't get to decide if college is free or not. If it becomes a reality, then yes I will absolutely fucking expect that my federal loans should be forgiven because frankly it's horse shit that I need to continue paying for something that is now free, all while the economy is tanking around me in the wake of the free-ness.


How is that example different than buying something at full price then finding out months later it's on sale at the same store for half off? The argument Sonic makes about it being pushed as a right is better
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Anteaterking
09/21/17 2:20:18 PM
#62:


s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?
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DoomSwell
09/21/17 2:21:06 PM
#63:


Annihilated posted...
There are tons of jobs that don't even require a college degree.

That number is shrinking everyday with self checkout lanes and fast-food ordering machines.
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s0nicfan
09/21/17 2:21:32 PM
#64:


Balrog0 posted...
that was exactly my point lol

you're saying its not so bad because they do that

I'm saying if that's true it would be easy to cut out the middle man

R&D is not a huge part of the military budget, either, anyway


You're just going to have to believe me on this one, because I can't provide more specifics, but you do not want Universities producing applied research without a middleman. The quality of the stuff they generally produce is really, REALLY subpar. The "middleman" in this case usually converts their theoretical proofs and case studies into a robust product that doesn't immediately fall apart.
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Balrog0
09/21/17 2:21:35 PM
#65:


Antifar posted...
Balrog0 posted...
Antifar posted...
s0nicfan posted...
Define "free college" here. Do you mean free in-state public colleges or private universities? Because there's a significant difference in cost between the two.

Public college. There's not really any suggestion that private universities would be forcibly made tuition-free


are there any estimates on what that could cost?

https://www.theatlantic.com/business/archive/2014/01/heres-exactly-how-much-the-government-would-have-to-spend-to-make-public-college-tuition-free/282803/
A mere $62.6 billion dollars!

According to new Department of Education data, that's how much tuition public colleges collected from undergraduates in 2012 across the entire United States. And I'm not being facetious with the word mere, either. The New America Foundation says that the federal government spent a whole $69 billion in 2013 on its hodgepodge of financial aid programs, such as Pell Grants for low-income students, tax breaks, work study funding. And that doesn't even include loans


I've also seen the figure $47 billion floating around, but not sure where that comes from.

thanks, man

I need to look into this
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Balrog0
09/21/17 2:22:22 PM
#66:


s0nicfan posted...
You're just going to have to believe me on this one, because I can't provide more specifics, but you do not want Universities producing applied research without a middleman. The quality of the stuff they generally produce is really, REALLY subpar. The "middleman" in this case usually converts their theoretical proofs and case studies into a robust product that doesn't immediately fall apart.


while I usually like it when vast government programs are justified on the basis of "just trust me" I think in this case I might not bite
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emblem boy
09/21/17 2:24:05 PM
#67:


Anteaterking posted...
s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?


I'd think he means the ecenomic disadvantage
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s0nicfan
09/21/17 2:24:21 PM
#68:


Balrog0 posted...
s0nicfan posted...
You're just going to have to believe me on this one, because I can't provide more specifics, but you do not want Universities producing applied research without a middleman. The quality of the stuff they generally produce is really, REALLY subpar. The "middleman" in this case usually converts their theoretical proofs and case studies into a robust product that doesn't immediately fall apart.


while I usually like it when vast government programs are justified on the basis of "just trust me" I think in this case I might not bite


Don't get me wrong, there's a lot of wasteful spending and that link to congress overriding the DoD on costs for tank maintenance is a great example of it. I just don't think the amount wasted is enough to fund a nationwide entitlement program, and I think there's a lot of good things that happen under the umbrella of "military spending" that gets overlooked.
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TrollSlayer11
09/21/17 2:24:58 PM
#69:


The Admiral posted...
I'd be for this if there was a serious crackdown on the massively inflated cost of college education. Right now, no thanks.

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s0nicfan
09/21/17 2:26:00 PM
#70:


emblem boy posted...
Anteaterking posted...
s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?


I'd think he means the ecenomic disadvantage


I did.
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Balrog0
09/21/17 2:27:11 PM
#71:


s0nicfan posted...
I just don't think the amount wasted is enough to fund a nationwide entitlement program


yeah, probably not, I agree

I agree less with the idea that a significant portion of the military budget is actually used wisely BUT I don't think it fixes our budgetary/fiscal problems either way

it should be part of the reforms but we have to figure out entitlements for meaningful reforms before we implement huge new programs

we also need to raise revenue imho
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Anteaterking
09/21/17 2:28:49 PM
#72:


emblem boy posted...
Anteaterking posted...
s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?


I'd think he means the ecenomic disadvantage


I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.

This is in addition to needing to fit the parameters of attending a public school (and possibly requiring it to be one in your state, depending on how the legislation ends up going).
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The Admiral
09/21/17 2:29:07 PM
#73:


TrollSlayer11 posted...
The Admiral posted...
I'd be for this if there was a serious crackdown on the massively inflated cost of college education. Right now, no thanks.


To elaborate on this, if we're going to socialize college and treat it like another required level of public education, its costs need to be controlled as such. This can't be a blank check for college administrators who can jack up tuition to $60K a year and expect the tax payers will just foot the bill.
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s0nicfan
09/21/17 2:31:09 PM
#74:


Balrog0 posted...
s0nicfan posted...
I just don't think the amount wasted is enough to fund a nationwide entitlement program


yeah, probably not, I agree

I agree less with the idea that a significant portion of the military budget is actually used wisely BUT I don't think it fixes our budgetary/fiscal problems either way

it should be part of the reforms but we have to figure out entitlements for meaningful reforms before we implement huge new programs

we also need to raise revenue imho


So the other thing to consider is that most military spending goes towards paying for actually employees. I don't think enough analysis has been done on what happens to an economy if you displace a hundred thousand employees' salaries worth of money and put it into paying for the education of kids who aren't yet putting back into society. What would unemployment look like?
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s0nicfan
09/21/17 2:32:41 PM
#75:


Anteaterking posted...

I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.


How so? Two people are working in the same job with the same degree. One person got that degree for free, and the other has $100,000.00 in debt to pay back. That's an economic disadvantage, even if both of those people ultimately make back more than the debt in salary.
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emblem boy
09/21/17 2:33:25 PM
#76:


Anteaterking posted...
emblem boy posted...
Anteaterking posted...
s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?


I'd think he means the ecenomic disadvantage


I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.

This is in addition to needing to fit the parameters of attending a public school (and possibly requiring it to be one in your state, depending on how the legislation ends up going).


Does this apply to those who paid off their loans and those who haven't?
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Anteaterking
09/21/17 2:35:14 PM
#77:


s0nicfan posted...
Anteaterking posted...

I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.


How so? Two people are working in the same job with the same degree. One person got that degree for free, and the other has $100,000.00 in debt to pay back. That's an economic disadvantage, even if both of those people ultimately make back more than the debt in salary.


My initial comment about grandfathering said that I would expect something for people who currently have student loans.

I'm saying that the people who have already paid off their student loans don't have much claim to reparations.
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emblem boy
09/21/17 2:38:07 PM
#78:


Anteaterking posted...
s0nicfan posted...
Anteaterking posted...

I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.


How so? Two people are working in the same job with the same degree. One person got that degree for free, and the other has $100,000.00 in debt to pay back. That's an economic disadvantage, even if both of those people ultimately make back more than the debt in salary.


My initial comment about grandfathering said that I would expect something for people who currently have student loans.

I'm saying that the people who have already paid off their student loans don't have much claim to reparations.


If you're gonna give something for those paying off their loans, then I'd think it makes sense to give someone for those who paid off their loans, assuming both groups of people meet the same conditions such as school, graduation date, etc
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s0nicfan
09/21/17 2:39:12 PM
#79:


Anteaterking posted...
s0nicfan posted...
Anteaterking posted...

I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.


How so? Two people are working in the same job with the same degree. One person got that degree for free, and the other has $100,000.00 in debt to pay back. That's an economic disadvantage, even if both of those people ultimately make back more than the debt in salary.


My initial comment about grandfathering said that I would expect something for people who currently have student loans.

I'm saying that the people who have already paid off their student loans don't have much claim to reparations.


Let's flash forward 50 years and compare what retirement looks like between someone who spent 20 years paying off student loans and someone who was able to invest that money into a retirement plan, or other investments, or a home instead of an apartment....
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Newhopes
09/21/17 2:43:34 PM
#80:


When will people understand nothing is free.
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Anteaterking
09/21/17 2:44:35 PM
#81:


emblem boy posted...
Anteaterking posted...
emblem boy posted...
Anteaterking posted...
s0nicfan posted...
I think the difference here is education is being pitched as a right. If you've been historically deprived of a right, generally the people who were negatively affected tend to seek reparations for being put at a societal disadvantage due to that disadvantage.


What's the societal disadvantage?


I'd think he means the ecenomic disadvantage


I think to claim that you were at an economic disadvantage, you'd have to show me that you spent more on your degree than you gained because of having it.

This is in addition to needing to fit the parameters of attending a public school (and possibly requiring it to be one in your state, depending on how the legislation ends up going).


Does this apply to those who paid off their loans and those who haven't?


I imagine any sort of loan forgiveness rider would probably "back"-tend a few years as to not screw people who literally just paid off their loans, but I imagine people who paid part of their loans in periods before that cut off would be treated the same for that portion of the money as people who had paid off all of their loans before the cut off.

If your value without a degree is $35,000 a year, your degree cost $80,000, and your salary with a degree is $85,000, you gained $50,000 a year for having a degree. Reparations is comparing you now versus a you that didn't attend college until it became free. So if you got your degree 10 years ago, you've gained much more out of not waiting to get a degree than you paid.

s0nicfan posted...

Let's flash forward 50 years and compare what retirement looks like between someone who spent 20 years paying off student loans and someone who was able to invest that money into a retirement plan, or other investments, or a home instead of an apartment...


You're comparing the wrong thing. Using the numbers above, who would be better off in 50 years? The version of you who got their degree ten years ago or the version of you who starts their degree right now?
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s0nicfan
09/21/17 2:44:54 PM
#82:


Newhopes posted...
When will people understand nothing is free.


Most people seriously pushing for free college are also in the group they believe shouldn't have to pay for it. It's easy to ask for free things by demanding someone other than you pay for all of it.
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#83
Post #83 was unavailable or deleted.
s0nicfan
09/21/17 2:46:20 PM
#84:


Anteaterking posted...
You're comparing the wrong thing. Using the numbers above, who would be better off in 50 years? The version of you who got their degree ten years ago or the version of you who starts their degree right now?


I meant flash forward 50 years into their individual careers. Also, even in your example, the person who started 10 years later but with $0 in student debt may very well be better off.
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Anteaterking
09/21/17 2:51:50 PM
#85:


s0nicfan posted...
Anteaterking posted...
You're comparing the wrong thing. Using the numbers above, who would be better off in 50 years? The version of you who got their degree ten years ago or the version of you who starts their degree right now?


I meant flash forward 50 years into their individual careers. Also, even in your example, the person who started 10 years later but with $0 in student debt may very well be better off.


You wouldn't be in my example.

When you got their degree early, they got 60 years * 85,000 - 80,000 = $5,020,000
When you waited to get your degree, you got 10 years * 35,000 + 40 years * 85,000=$3,750,000
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emblem boy
09/21/17 2:53:25 PM
#86:


Anteaterking posted...
s0nicfan posted...
Anteaterking posted...
You're comparing the wrong thing. Using the numbers above, who would be better off in 50 years? The version of you who got their degree ten years ago or the version of you who starts their degree right now?


I meant flash forward 50 years into their individual careers. Also, even in your example, the person who started 10 years later but with $0 in student debt may very well be better off.


You wouldn't be in my example.

When you got their degree early, they got 60 years * 85,000 - 80,000 = $5,020,000
When you waited to get your degree, you got 10 years * 35,000 + 40 years * 85,000=$3,750,000


What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened
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s0nicfan
09/21/17 2:54:37 PM
#87:


Anteaterking posted...
s0nicfan posted...
Anteaterking posted...
You're comparing the wrong thing. Using the numbers above, who would be better off in 50 years? The version of you who got their degree ten years ago or the version of you who starts their degree right now?


I meant flash forward 50 years into their individual careers. Also, even in your example, the person who started 10 years later but with $0 in student debt may very well be better off.


You wouldn't be in my example.

When you got their degree early, they got 60 years * 85,000 - 80,000 = $5,020,000
When you waited to get your degree, you got 10 years * 35,000 + 40 years * 85,000=$3,750,000


I don't think you get what my point was. Person B isn't WAITING to get their degree and working for 10 years for 35k. Person B started the same 85K a year job but also didn't have student debt because tuition was free.
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Anteaterking
09/21/17 2:55:38 PM
#88:


emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.
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emblem boy
09/21/17 2:57:28 PM
#89:


Anteaterking posted...
emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.


Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?
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Anteaterking
09/21/17 2:59:32 PM
#90:


emblem boy posted...
Anteaterking posted...
emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.


Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?


Yeah, but that's just because we have to set the cut-off somewhere. If they both graduated within the cut-off, it would treat them the same regardless of how fast they paid off loans.
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emblem boy
09/21/17 3:01:33 PM
#91:


Anteaterking posted...
emblem boy posted...
Anteaterking posted...
emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.


Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?


Yeah, but that's just because we have to set the cut-off somewhere. If they both graduated within the cut-off, it would treat them the same regardless of how fast they paid off loans.


Ok I read what you initially said wrong then.
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Anteaterking
09/21/17 3:03:42 PM
#92:


emblem boy posted...
Anteaterking posted...
emblem boy posted...
Anteaterking posted...
emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.


Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?


Yeah, but that's just because we have to set the cut-off somewhere. If they both graduated within the cut-off, it would treat them the same regardless of how fast they paid off loans.


Ok I read what you initially said wrong then.


I was just saying that if we draw the line at all loan payments made within the last 10 years, if there two people who graduated twelve years ago and one of them started repaying really fast, they would have more paid off outside of that 10 years, so they would benefit less, but that's somewhat unavoidable with a cut-off.
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emblem boy
09/21/17 3:05:47 PM
#93:


Anteaterking posted...
emblem boy posted...
Anteaterking posted...
emblem boy posted...
Anteaterking posted...
emblem boy posted...
What if they got their degree at the same time but one paid it off years before the other. Then the grandfathering happened


But then you aren't comparing them to people who benefit under the new policy. You're comparing them to another person who was under the old policy.


Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?


Yeah, but that's just because we have to set the cut-off somewhere. If they both graduated within the cut-off, it would treat them the same regardless of how fast they paid off loans.


Ok I read what you initially said wrong then.


I was just saying that if we draw the line at all loan payments made within the last 10 years, if there two people who graduated twelve years ago and one of them started repaying really fast, they would have more paid off outside of that 10 years, so they would benefit less, but that's somewhat unavoidable with a cut-off.


Why not just have the cutoff based on when they graduated rather than when they started paying their loans
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Anteaterking
09/21/17 4:32:44 PM
#94:


emblem boy posted...
Anteaterking posted...
emblem boy posted...
Anteaterking posted...
emblem boy posted...
Anteaterking posted...

Yes that's what I'm saying. You said those who graduated and are currently paying student loans after graduating should get some form of compensation, but those who graduated at the same time but paid it off faster shouldn't get compensation?


Yeah, but that's just because we have to set the cut-off somewhere. If they both graduated within the cut-off, it would treat them the same regardless of how fast they paid off loans.


Ok I read what you initially said wrong then.


I was just saying that if we draw the line at all loan payments made within the last 10 years, if there two people who graduated twelve years ago and one of them started repaying really fast, they would have more paid off outside of that 10 years, so they would benefit less, but that's somewhat unavoidable with a cut-off.


Why not just have the cutoff based on when they graduated rather than when they started paying their loans


That's also fine (and probably less of a headache).

s0nicfan posted...
I don't think you get what my point was. Person B isn't WAITING to get their degree and working for 10 years for 35k. Person B started the same 85K a year job but also didn't have student debt because tuition was free.


That's not a fair comparison though. The reason why "reparations" doesn't even make sense in this context is that student loans gave you a benefit. College was a certain price at the time when Joe Schmo got their degree and he decided to get that degree because the benefits outweighed the costs. Changing the price of it now doesn't entitle everyone who took the deal to money back, especially if they've done better because of the deal than they would have otherwise.

It's no more of an economic disadvantage than giving economic incentives for installing clean energy is a disadvantage for companies who already did that years ago.
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